• NudeCelebForum has been moved from the vBulletin to the XenForo platform.
    For additional information, see: NCF Moved To XenForo
  • New threads will not be visible until approved by a moderator.

  • Welcome to the forum!
    You must activate your account in order to post and view all forum content
    Please check your email inbox & spam folders for our activation email, then follow the link to validate your email address.
    Contact Us if you are having difficulty posting or viewing forum content.
  • You are viewing our forum as a guest, with limited access.
    By joining you will gain full access to thousands of Videos, Pictures & Much More.
    Membership is absolutely FREE! Registration is FAST & SIMPLE.
    Register Today to join the first, most comprehensive and friendliest communities of nude celebrity fans on the net!

Microsux forcing the takover of Yahoo...

swede68

Respected Member
Respected Member
Joined
Jan 17, 2005
Messages
653
Reaction score
2,277
Good Lord I hate this necessary Evil! I wish they would just go AWAY!?!

SAN FRANCISCO (Reuters) - Yahoo Inc (YHOO.O) has faced significant distraction from Microsoft Corp's (MSFT.O) unsolicited takeover bid, the company warned investors on Wednesday in its annual report filed with U.S. regulators.
ADVERTISEMENT

The Silicon Valley Web pioneer said in its annual report to the U.S. Securities and Exchange Commission that Microsoft's cash-and-stock deal, now valued at $41.6 billion, may continue to prove a distraction for the company and its management.

Earlier this month, Yahoo's board of directors rebuffed Microsoft's offer. Microsoft has responded by saying its offer is "full and fair" and has raised the prospect of a campaign to elect a rival slate of directors that would back its offer.

"The review and consideration of the Microsoft proposal (and any alternate proposals ...) have been, and may continue to be, a significant distraction for our management and employees," the company said in its report to the SEC.

Consideration of these proposals "have required, and may continue to require, the expenditure of significant time and resources by us," the company said in the annual report.

Yahoo also said in the filing that it faces seven shareholder lawsuits over its handling of Microsoft's buyout proposal.

Four of the lawsuits were filed in California state court and three were filed in Delaware Chancery Court, it said.

"We do not believe, based on current knowledge, that any of the foregoing legal proceedings or claims are likely to have a material adverse effect on our financial position," Yahoo said.

Yahoo has rebuffed Microsoft's offer, which represented a 62 percent premium of its share price when it was announced on February 1, saying it significantly undervalued the company's audience, advertising platform and investment holdings.

On top of the normal risks of running an Internet business and the threat of economic weakness to its advertising supported business, Yahoo called the Microsoft bid a "significant distraction" for management and employees.

The company said Microsoft's bid had the potential to unnerve business and advertising partners and to make it difficult to retain or hire talent.
 

happy_man21

Senior Member
Joined
Oct 23, 2004
Messages
6
Reaction score
0
+1 swede68....what to do...google is like the internet monster and wants all of our info/data and give us annoying ads. Microsoft wants to control the universe..maybe not so much interest in our info/data. And yahoo is our lil champ that has done no evil, except in china. I wish someone from like the middle of no where would side swipe google and level the playing field....maybe a nice anti-monopoly on google and microsoft to keep both bullys down and give yahoo a chance to say...yahoo!
 
Top